Industry News

Realogy affiliates get healthcare options

Three insurance carriers to offer two major medical plans

The largest real estate company in the U.S., Realogy Corp., on Monday said it will offer healthcare options to the more than 250,000 sales associates affiliated with its brands, including Century 21, Coldwell Banker, Coldwell Banker Commercial and ERA. Healthcare has been a top concern for real estate industry participants and trade groups because the majority of agents work as independent contractors, and in the past have had poor access to affordable healthcare programs. "This health care initiative gives us the perfect opportunity to leverage our size for the benefit of our affiliates. From an industry perspective, the National Association of Realtors reported that 28 percent of its members lacked health insurance," said Chris Sears, senior vice president of procurement at Realogy. Realogy said the healthcare program is administered by three insurance carriers offering two major medical plans and three limited-benefit medical plans. The plans offer a range of services, from basic fi...